FAQs

Invoice factoring is a service where a business receives access to funds owed to them before it is paid by their customers. The business sells its accounts receivables to a third party (called a Factor) at a discount, in order to get access to immediate cash. Businesses can use invoice factoring to improve their cash flow, get on top of ATO obligations, cover the gap of slow payments, take advantage of early payments discounts and grow their business.

Key Factors is a invoice factoring and debtor finance company which helps SMEs from a wide range of industries improve their cash flow by converting their invoices into immediate cash. Key Factors is one of the largest independently owned invoice factoring companies in Australia and have been in business for over 27 years, specialising in cash flow finance, invoice finance, invoice discounting, and factor finance services.

Companies benefiting from Key Factors flexible invoice factoring facility generally have a high level of customers on accounts for the provision of goods or services, and have an annual sales turnover ranging from $500,000 to $30 Million.

At Key Factors we only charge a flat daily rate on what you use. There are no ongoing monthly admin fees or annual charges associated with Key Factors’ invoice factoring service. Call 1300 884 100 to get a quote today!

Invoice factoring works for businesses by allowing them to send or upload invoices to the factor company. The business then receives access to funds owed to them before they are paid by their customers. The business sells its accounts receivables to a third party (called a Factor) at a discount, in order to get access to immediate cash. Businesses usually receive 80% of the invoice value within 24 hours. The remaining 20% is made available once the invoice is paid. It works by allowing businesses to maintain cash flow, cover the gap between slow payments, and take advantage of early payment discounts.

Collections of the invoice is sometimes managed by the factor depending on the arrangement.